New Risk • Apr 30
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Revenue is less than US$1m (₹26m revenue, or US$269k). Market cap is less than US$10m (₹56.2m market cap, or US$592.0k). Minor Risk Share price has been volatile over the past 3 months (8.7% average weekly change). Valuation Update With 7 Day Price Move • Apr 13
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹11.21, the stock trades at a trailing P/E ratio of 49.4x. Average trailing P/E is 22x in the IT industry in India. Total returns to shareholders of 85% over the past three years. Valuation Update With 7 Day Price Move • Mar 30
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹8.95, the stock trades at a trailing P/E ratio of 39.4x. Average trailing P/E is 20x in the IT industry in India. Total returns to shareholders of 70% over the past three years. New Risk • Feb 20
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Revenue is less than US$1m (₹23m revenue, or US$255k). Market cap is less than US$10m (₹49.7m market cap, or US$546.1k). Minor Risk Share price has been volatile over the past 3 months (7.4% average weekly change). Announcement • Feb 02
Mahaveer Infoway Limited to Report Q3, 2026 Results on Feb 10, 2026 Mahaveer Infoway Limited announced that they will report Q3, 2026 results on Feb 10, 2026 New Risk • Dec 04
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 8.5% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (8.5% average weekly change). Revenue is less than US$1m (₹23m revenue, or US$258k). Market cap is less than US$10m (₹44.0m market cap, or US$489.7k). Reported Earnings • Nov 16
Second quarter 2026 earnings released: EPS: ₹0.05 (vs ₹0.30 in 2Q 2025) Second quarter 2026 results: EPS: ₹0.05 (down from ₹0.30 in 2Q 2025). Revenue: ₹6.73m (down 34% from 2Q 2025). Net income: ₹273.0k (down 83% from 2Q 2025). Profit margin: 4.1% (down from 16% in 2Q 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Announcement • Nov 11
Mahaveer Infoway Limited to Report Q2, 2026 Results on Nov 14, 2025 Mahaveer Infoway Limited announced that they will report Q2, 2026 results on Nov 14, 2025 Valuation Update With 7 Day Price Move • Oct 14
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to ₹14.05, the stock trades at a trailing P/E ratio of 47.5x. Average trailing P/E is 27x in the IT industry in India. Total returns to shareholders of 189% over the past three years. New Risk • Oct 07
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 8.3% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (8.3% average weekly change). Revenue is less than US$1m (₹29m revenue, or US$331k). Market cap is less than US$10m (₹62.3m market cap, or US$701.3k). Valuation Update With 7 Day Price Move • Sep 09
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₹7.04, the stock trades at a trailing P/E ratio of 23.8x. Average trailing P/E is 26x in the IT industry in India. Total returns to shareholders of 90% over the past three years. New Risk • Sep 01
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 6.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Revenue is less than US$1m (₹29m revenue, or US$333k). Market cap is less than US$10m (₹45.1m market cap, or US$511.5k). Minor Risk Share price has been volatile over the past 3 months (6.7% average weekly change). Announcement • Aug 08
Mahaveer Infoway Limited, Annual General Meeting, Aug 29, 2025 Mahaveer Infoway Limited, Annual General Meeting, Aug 29, 2025, at 10:00 Indian Standard Time. Location: 7-1-24/2/c, 301/a, dhansi surabhi, complex, greenlands, ameerpet, hyderabad - 500016, India Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to ₹8.24, the stock trades at a trailing P/E ratio of 27.8x. Average trailing P/E is 28x in the IT industry in India. Total returns to shareholders of 12% over the past three years. Reported Earnings • Aug 03
First quarter 2026 earnings released: EPS: ₹0.18 (vs ₹0.03 in 1Q 2025) First quarter 2026 results: EPS: ₹0.18 (up from ₹0.03 in 1Q 2025). Revenue: ₹7.54m (down 8.7% from 1Q 2025). Net income: ₹1.01m (up 474% from 1Q 2025). Profit margin: 13% (up from 2.1% in 1Q 2025). The increase in margin was driven by lower expenses. Announcement • Jul 24
Mahaveer Infoway Limited to Report Q1, 2026 Results on Jul 29, 2025 Mahaveer Infoway Limited announced that they will report Q1, 2026 results on Jul 29, 2025 Reported Earnings • May 22
Full year 2025 earnings released: EPS: ₹0.15 (vs ₹0.71 loss in FY 2024) Full year 2025 results: EPS: ₹0.15 (up from ₹0.71 loss in FY 2024). Revenue: ₹30.1m (down 44% from FY 2024). Net income: ₹800.0k (up ₹4.69m from FY 2024). Profit margin: 2.7% (up from net loss in FY 2024). The move to profitability was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 80 percentage points per year, which is a significant difference in performance. Announcement • May 16
Mahaveer Infoway Limited to Report Q4, 2025 Results on May 20, 2025 Mahaveer Infoway Limited announced that they will report Q4, 2025 results on May 20, 2025 Announcement • Feb 03
Mahaveer Infoway Limited to Report Q3, 2025 Results on Feb 11, 2025 Mahaveer Infoway Limited announced that they will report Q3, 2025 results on Feb 11, 2025 New Risk • Nov 13
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Revenue is less than US$1m (₹54m revenue, or US$641k). Market cap is less than US$10m (₹51.2m market cap, or US$606.4k). Minor Risk Share price has been volatile over the past 3 months (7.7% average weekly change). Announcement • Nov 09
Mahaveer Infoway Limited to Report Q2, 2025 Results on Nov 12, 2024 Mahaveer Infoway Limited announced that they will report Q2, 2025 results on Nov 12, 2024 Announcement • Aug 08
Mahaveer Infoway Limited, Annual General Meeting, Sep 20, 2024 Mahaveer Infoway Limited, Annual General Meeting, Sep 20, 2024, at 11:00 Indian Standard Time. Location: 7-1-24/2/c, 301/a, dhansi surabhi complex,greenlands, ameerpet, hyderabad, telangana, 500016., hyderabad India Announcement • Aug 02
Mahaveer Infoway Limited to Report Q1, 2025 Results on Aug 07, 2024 Mahaveer Infoway Limited announced that they will report Q1, 2025 results on Aug 07, 2024 Reported Earnings • May 27
Full year 2024 earnings released: ₹0.83 loss per share (vs ₹0.57 loss in FY 2023) Full year 2024 results: ₹0.83 loss per share (further deteriorated from ₹0.57 loss in FY 2023). Revenue: ₹57.1m (up 37% from FY 2023). Net loss: ₹4.55m (loss widened 45% from FY 2023). Over the last 3 years on average, earnings per share has increased by 24% per year whereas the company’s share price has increased by 29% per year. Announcement • May 19
Mahaveer Infoway Limited to Report Fiscal Year 2024 Results on May 24, 2024 Mahaveer Infoway Limited announced that they will report fiscal year 2024 results on May 24, 2024 Buy Or Sell Opportunity • Apr 18
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 28% to ₹10.25. The fair value is estimated to be ₹8.37, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 51% over the last 3 years. Meanwhile, the company became loss making. Announcement • Mar 27
Mahaveer Infoway Limited Announces Management Changes Mahaveer Infoway Limited at its board meeting held on March 26, 2024 noted cessation of directorship of Mr. Budhi Prakash Toshniwal and Mr. Vinit Maharia as Independent Directors of the company from the close of March 31, 2024 upon completion of their two terms of five consecutive years each. the board also announced Re-constitution of Audit committee. Nomination and Remuneration committee and Stakeholder Relationship Committees of the company. Audit Committee: Dhirendra Kumar Jain as Chairman, Satish Khemchand Khivsara and Kanika Suri as members. Nomination &Remuneration Committee: Dhirendra Kumar Jain as Chairman, Satish Khemchand Khivsara and Kanika Suri as members and Stakeholders Relationship Committee: Dhirendra Kumar Jain as Chairman, Satish Khemchand Khivsara and Kanika Suri as members. Buy Or Sell Opportunity • Feb 20
Now 25% overvalued after recent price rise Over the last 90 days, the stock has risen 54% to ₹10.30. The fair value is estimated to be ₹8.25, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 51% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Feb 16
Third quarter 2024 earnings released: EPS: ₹0.36 (vs ₹0.19 in 3Q 2023) Third quarter 2024 results: EPS: ₹0.36 (up from ₹0.19 in 3Q 2023). Revenue: ₹16.0m (up 43% from 3Q 2023). Net income: ₹1.97m (up 90% from 3Q 2023). Profit margin: 12% (up from 9.2% in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has increased by 79% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 08
Mahaveer Infoway Limited to Report Q3, 2024 Results on Feb 14, 2024 Mahaveer Infoway Limited announced that they will report Q3, 2024 results on Feb 14, 2024 New Risk • Nov 24
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Revenue is less than US$1m (₹58m revenue, or US$691k). Market cap is less than US$10m (₹38.2m market cap, or US$458.0k). Minor Risk Share price has been volatile over the past 3 months (7.3% average weekly change). Announcement • Nov 05
Mahaveer Infoway Limited to Report Q2, 2024 Results on Nov 14, 2023 Mahaveer Infoway Limited announced that they will report Q2, 2024 results on Nov 14, 2023 Valuation Update With 7 Day Price Move • Oct 18
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₹6.78, the stock trades at a trailing P/E ratio of 9.4x. Average trailing P/E is 38x in the IT industry in India. Total returns to shareholders of 294% over the past three years. Reported Earnings • Aug 12
First quarter 2024 earnings released: EPS: ₹0.19 (vs ₹0.04 in 1Q 2023) First quarter 2024 results: EPS: ₹0.19 (up from ₹0.04 in 1Q 2023). Revenue: ₹15.7m (up 82% from 1Q 2023). Net income: ₹1.03m (up 386% from 1Q 2023). Profit margin: 6.5% (up from 2.4% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 101% per year but the company’s share price has only increased by 66% per year, which means it is significantly lagging earnings growth. Announcement • Aug 11
Mahaveer Infoway Limited, Annual General Meeting, Sep 22, 2023 Mahaveer Infoway Limited, Annual General Meeting, Sep 22, 2023, at 10:00 Indian Standard Time. Location: 7-1-24/2/C, 301/A, Dhansi Surabhi Complex, Greenlands Ameerpet, Hyderabad, Telangana, 500016 Hyderabad India Announcement • Aug 05
Mahaveer Infoway Limited to Report Q1, 2024 Results on Aug 10, 2023 Mahaveer Infoway Limited announced that they will report Q1, 2024 results on Aug 10, 2023 New Risk • Jun 08
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -₹3.6m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-₹3.6m free cash flow). Share price has been highly volatile over the past 3 months (9.3% average weekly change). Revenue is less than US$1m (₹42m revenue, or US$509k). Market cap is less than US$10m (₹43.8m market cap, or US$530.4k). Valuation Update With 7 Day Price Move • Jun 01
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₹7.92, the stock trades at a trailing P/E ratio of 11.6x. Average trailing P/E is 29x in the IT industry in India. Total returns to shareholders of 505% over the past three years. Announcement • May 19
Mahaveer Infoway Limited to Report Q4, 2023 Results on May 29, 2023 Mahaveer Infoway Limited announced that they will report Q4, 2023 results on May 29, 2023 Valuation Update With 7 Day Price Move • Apr 17
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹5.78, the stock trades at a trailing P/E ratio of 8.5x. Average trailing P/E is 24x in the IT industry in India. Total loss to shareholders of 16% over the past year. Valuation Update With 7 Day Price Move • Mar 10
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹8.17, the stock trades at a trailing P/E ratio of 12x. Average trailing P/E is 25x in the IT industry in India. Reported Earnings • Feb 19
Third quarter 2023 earnings released: EPS: ₹0.19 (vs ₹0.08 in 3Q 2022) Third quarter 2023 results: EPS: ₹0.19 (up from ₹0.08 in 3Q 2022). Revenue: ₹11.2m (up 69% from 3Q 2022). Net income: ₹1.04m (up 144% from 3Q 2022). Profit margin: 9.2% (up from 6.4% in 3Q 2022). The increase in margin was driven by higher revenue. Announcement • Feb 09
Mahaveer Infoway Limited Announces Resignation of Tejshvi Joshi as Company Secretary Mahaveer Infoway Limited announced meeting of the Board of Directors will be held on Tuesday, 14th day of February, 2023 and Acceptance of Resignation of Tejshvi Joshi, Company Secretary. Announcement • Feb 08
Mahaveer Infoway Limited to Report Q3, 2023 Results on Feb 14, 2023 Mahaveer Infoway Limited announced that they will report Q3, 2023 results at 3:30 PM, Indian Standard Time on Feb 14, 2023 Valuation Update With 7 Day Price Move • Dec 03
Investor sentiment deteriorated over the past week After last week's 22% share price decline to ₹9.35, the stock trades at a trailing P/E ratio of 16.4x. Average trailing P/E is 26x in the IT industry in India. Total returns to shareholders of 228% over the past three years. Valuation Update With 7 Day Price Move • Nov 18
Investor sentiment improved over the past week After last week's 27% share price gain to ₹11.55, the stock trades at a trailing P/E ratio of 20.2x. Average trailing P/E is 23x in the IT industry in India. Total returns to shareholders of 305% over the past three years. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 5 highly experienced directors. Independent Non-Executive Woman Director Kanika Suri was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Nov 09
Investor sentiment improved over the past week After last week's 15% share price gain to ₹7.84, the stock trades at a trailing P/E ratio of 13.7x. Average trailing P/E is 24x in the IT industry in India. Total returns to shareholders of 166% over the past three years. Reported Earnings • Nov 02
Second quarter 2023 earnings released: EPS: ₹0.21 (vs ₹0.12 in 2Q 2022) Second quarter 2023 results: EPS: ₹0.21 (up from ₹0.12 in 2Q 2022). Revenue: ₹7.94m (up 5.3% from 2Q 2022). Net income: ₹1.15m (up 71% from 2Q 2022). Profit margin: 14% (up from 8.9% in 2Q 2022). The increase in margin was primarily driven by higher revenue. Valuation Update With 7 Day Price Move • Oct 25
Investor sentiment improved over the past week After last week's 21% share price gain to ₹5.90, the stock trades at a trailing P/E ratio of 12.8x. Average trailing P/E is 24x in the IT industry in India. Total returns to shareholders of 3.5% over the past year. Valuation Update With 7 Day Price Move • Oct 11
Investor sentiment improved over the past week After last week's 20% share price gain to ₹5.25, the stock trades at a trailing P/E ratio of 11.4x. Average trailing P/E is 25x in the IT industry in India. Total loss to shareholders of 4.0% over the past year. Valuation Update With 7 Day Price Move • Sep 08
Investor sentiment deteriorated over the past week After last week's 18% share price decline to ₹3.90, the stock trades at a trailing P/E ratio of 8.4x. Average trailing P/E is 26x in the IT industry in India. Total returns to shareholders of 7.7% over the past year. Valuation Update With 7 Day Price Move • Aug 22
Investor sentiment deteriorated over the past week After last week's 17% share price decline to ₹5.26, the stock trades at a trailing P/E ratio of 11.3x. Average trailing P/E is 25x in the IT industry in India. Total returns to shareholders of 37% over the past year. Reported Earnings • Aug 15
First quarter 2023 earnings released: EPS: ₹0.04 (vs ₹0.07 loss in 1Q 2022) First quarter 2023 results: EPS: ₹0.04 (up from ₹0.07 loss in 1Q 2022). Revenue: ₹8.62m (up 85% from 1Q 2022). Net income: ₹211.0k (up ₹581.0k from 1Q 2022). Profit margin: 2.4% (up from net loss in 1Q 2022). The move to profitability was driven by higher revenue. Announcement • Aug 12
Mahaveer Infoway Limited, Annual General Meeting, Sep 30, 2022 Mahaveer Infoway Limited, Annual General Meeting, Sep 30, 2022, at 10:00 Indian Standard Time. Location: 7-1-24/2/C, 301/A, Dhansi Surabhi Complex Greenlands, Ameerpet, Hyderabad, 500016 Hyderabd Andhra Pradesh India Board Change • Aug 08
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 6 highly experienced directors. Independent Non-Executive Director Kanika Suri was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Jun 02
Mahaveer Infoway Limited Appoints Tejashvi Joshi as Company Secretary and Compliance Officer Mahaveer Infoway Limited its board meeting held on May 30, 2022 appointed Ms. Tejashvi Joshi as Company Secretary and Compliance Officer of the company. Ms. Tejshvi Joshi, Associate member of Institute of Company secretaries of India bearing Membership number: A68458, she has been appointed on the same terms and conditions as applicable under Section 203 of Companies Act, 2013 read with Companies. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 6 highly experienced directors. Independent Non-Executive Director Kanika Suri was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Board Change • Mar 28
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 1 experienced director. 6 highly experienced directors. Independent Non-Executive Director Kanika Suri was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Mar 14
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 1 experienced director. 6 highly experienced directors. Independent Non-Executive Director Kanika Suri was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Feb 08
Mahaveer Infoway Limited to Report Q3, 2022 Results on Feb 11, 2022 Mahaveer Infoway Limited announced that they will report Q3, 2022 results on Feb 11, 2022 Reported Earnings • Aug 18
First quarter 2022 earnings released: ₹0.07 loss per share (vs ₹0.12 loss in 1Q 2021) The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2022 results: Revenue: ₹4.66m (up ₹4.47m from 1Q 2021). Net loss: ₹370.0k (loss narrowed 42% from 1Q 2021). Reported Earnings • Jun 26
Full year 2021 earnings released: ₹0.85 loss per share (vs ₹0.88 loss in FY 2020) The company reported a soft full year result with weaker revenues and control over costs, although losses reduced. Full year 2021 results: Revenue: ₹12.5m (down 43% from FY 2020). Net loss: ₹4.68m (loss narrowed 3.3% from FY 2020). Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth. Is New 90 Day High Low • Feb 23
New 90-day high: ₹1.78 The company is up 3.0% from its price of ₹1.72 on 25 November 2020. The Indian market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is up 15% over the same period. Reported Earnings • Feb 12
Third quarter 2021 earnings released: EPS ₹0.13 (vs ₹0.23 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and revenues, although profit margins were improved. Third quarter 2021 results: Revenue: ₹6.99m (down 54% from 3Q 2020). Net income: ₹696.0k (down 46% from 3Q 2020). Profit margin: 10.0% (up from 8.5% in 3Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 31% per year, which means it is significantly lagging earnings. Announcement • Feb 04
Mahaveer Infoway Limited to Report Q3, 2021 Results on Feb 10, 2021 Mahaveer Infoway Limited announced that they will report Q3, 2021 results on Feb 10, 2021 Announcement • Sep 13
Mahaveer Infoway Limited to Report Q1, 2021 Results on Aug 14, 2020 Mahaveer Infoway Limited announced that they will report Q1, 2021 results on Aug 14, 2020 Announcement • Jun 19
Mahaveer Infoway Limited to Report Q4, 2020 Results on Jun 29, 2020 Mahaveer Infoway Limited announced that they will report Q4, 2020 results on Jun 29, 2020 
